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When I sit down with Moses Lutalo, the Managing Director of Broll Uganda, the conversation quickly settles on the forces reshaping Uganda’s real estate landscape: financing pressures, currency volatility, talent flight, and the urgent need to reinvent business models across the region. Broll operates from a distinctly different vantage point. It is not a developer, not a landlord, not a builder of malls or apartments. It is a real estate services company, an identity that gives it a panoramic view of the industry’s strengths and stress fractures. “We don’t own property,” Lutalo says. “We manage. We are consultants. If we…
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The High Court of Uganda, Commercial Division, has ruled in favour of Lexington Properties Limited in a contractual dispute against Alliance Media Uganda Limited, awarding $17,343.51 in unpaid licensing fees, with interest at 6% per annum from February 17, 2021, until full payment. The court also ordered Alliance Media to cover the costs of the suit. Justice Stephen Mubiru presided over the case and delivered the ruling. The dispute arose from a licensing agreement between the parties, in which Alliance Media leased advertising space at Acacia Mall, owned by Lexington Properties. Under the agreement, Alliance Media was required to pay…
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For quite a long time, the sprawling and magnificent Metroplex Shopping Mall, in the upscale Naalya suburb along the Kampala Northern By-Pass highway on the outskirts of Kampala city, has raised a lot of questions about its viability as a major real estate investment. A recent online debate on the X social media platform placed the shopping mall into a critical spotlight with some commentators voicing their concerns about the ’emptiness’ of the mall as a proverbial white elephant. A tour of the mall reveals some vacant space, low foot traffic, and a lack of vibrancy in shopping and entertainment experienced…
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